Multi-Unit Apartment Building (2-4
5939 Palmetto St, Ridgewood, NY 11385
Multi-Unit (2-4), Apartment - Ridgewood, NY
Property size:
3,200 SFLot size:
0.06 AcresPrice / SF:
$531/SF- Added:
- Feb 3, 2026
- Days on Market:
- 143
- Last Refresh:
- Jun 26 at 1:06 am
Property Features for 5939 Palmetto St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 100
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Garage
- Standard status
- Active
- APN
- 000000-000.000-3498-066.000
- Size
- 3,200 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 11212
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1930
- Year renovated
- 1930
- Floors in Building
- 2
- Architectural style
- Other
Listing agent Stephen Preuss
Listing office RIPCO REAL ESTATE LLC 80-02 KEW GARDENS ROAD, WOODBURY, NY
Listing date Feb 3, 2026
MLS# 11852414
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Part of the Ridgewood Multifamily Portfolio: 59‑39 Palmetto Street includes three free‑market multifamily buildings.
- Two vacant units plus month‑to‑month tenancy, providing renovation and leasing flexibility for a new owner.
- Natural gas heating and garage parking.
- Year built: 1930.
- Units are separately metered for gas and electricity, helping streamline utility expense recovery; Units 1L and 1R at 60‑15 share gas with the common‑area meter.
- Convenient transit access within walking distance to the M Train and L Train, with nearby bus lines including Q58, Q54, B13, QM24, QM25, and QM34.
Overview
This multi-unit apartment building is part of a Ridgewood multifamily portfolio. The portfolio includes three free-market multifamily buildings, with two vacant units and month-to-month tenancy, creating room for interior updates and leasing momentum. Residential units across the buildings are separately metered for gas and electricity to help streamline operating expense handling, with the exception noted that Units 1L and 1R at 60-15 share gas with the common-area meter.
Located in Ridgewood, Queens, the properties are within walking distance of a mix of local and national retailers. Transit access is supported by proximity to the M Train and L Train, along with multiple bus lines including the Q58, Q54, B13, QM24, QM25, and QM34.
For buyers, the unit mix and tenancy structure make this portfolio practical for operators looking to manage a small, free-market residential asset while addressing vacancy and performing renovations where units are available. Each unit being separately metered (with the specific shared-gas exception described above) can also simplify landlord utility billing and reduce reliance on shared metering for most apartments. The zoning is listed as 100.
Located in Ridgewood, Queens, the properties are within walking distance of a mix of local and national retailers. Transit access is supported by proximity to the M Train and L Train, along with multiple bus lines including the Q58, Q54, B13, QM24, QM25, and QM34.
For buyers, the unit mix and tenancy structure make this portfolio practical for operators looking to manage a small, free-market residential asset while addressing vacancy and performing renovations where units are available. Each unit being separately metered (with the specific shared-gas exception described above) can also simplify landlord utility billing and reduce reliance on shared metering for most apartments. The zoning is listed as 100.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Ridgewood
- County
- Queens
- State
- New York
- Longitude
- -73.901835
- Latitude
- 40.707586
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Separately metered gas and electricity units support efficient expense recovery for this free-market multifamily building.
Where is this duplex located?
The property is located at 5939 Palmetto St Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Part of the Ridgewood Multifamily Portfolio: 59‑39 Palmetto Street includes three free‑market multifamily buildings.; Two vacant units plus month‑to‑month tenancy, providing renovation and leasing flexibility for a new owner.; Natural gas heating and garage parking.
